HomeMy WebLinkAboutRES 76 84M
R- '-� (Q- S
R E S O L U T I O N
WfFREAS,. the City of Beaumont and the American National Bank of
Beaumont, Texas, entered into a depository contract whereby it was
provided that the said American National Bank of Beaumont would pledge
with the City Council of the City of Beaumont certain securities in
lieu of giving bond as City Depository; and,
WHEREAS, the.American National Bank of Beaumont wishes to pledge
the following securities with the Texas Commerce. Bank of -Houston:
SK RECEIPT NO. DESCRIPTION OF SECURITIES PAR VALUE
100 613 Dallas JCD G/0 3.40%
Due: 12-1-84. $'125,000
103 374_ Brazos River Auth.Canal Rev.
6:.25% Bonds Due:. 2-1-86 90,000
101 153 Houston Pub.Impr. 3.90%
Due: 7-1-86 100,000
110 494 Spring Branch I.S.D..' 5.50%
Due: 2-1-87 50,000
1-22 210 Dallas County Rd. 4.80%
Due: 1-10-88 75,000
121 016 Plano WW/SS Rev. 5.10%
Due: 5-1-88 60,000
Sub -Total
$
500,000
Terrell,
Texas' I.S.D.
6.15%
-Due:
2-1-77/83
$
105,000
Terrell,
Texas I.S.D.
5.20%
Due:
2-1-84/87
125,000
Terrell,
Texas I:S.D..
5.40%
Due:
2-1-88
35,000
Terrell,
Texas I.S.D.
5.750
Due:
2-1-89/91
k
145;000
Terrell,
Texas I.S.D.
6.00%
Due:
2-1-92
80,000 -
Terrell,
Texas I..S.D.
6.15%
190,000
Sub -Total
$
680,000
Westheimer Rd. M.U.D. 6.00%
Due: 4-1-80/82
$ 80,000
Westheimer Rd. M.U.D.
5.00%
Due: 4-1-82/84
60,000
Westheimer Rd. M.U.D.
5.50%
Due: 4-1-85/87
120,000
Westheimer Rd. M.U.D.
6.00%
Due: 4-1-88/89
90,000
Westheimer Rd. M.U.D..
6.15%
100,000
Due: 4-1-90
Sub -Total
$ 450,000
Total
$1,630,000
NOW,' THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the American National Bank of Beaumont, Texas, be :permitted to pledge
the above described securities with. the Texas Commerce Bank of Houston,
and a certified copy of this resolution shall constitute evidence of the
authority of the American National Bank of Beaumont, Texas, to make said
pledge.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the QA
day of1976.
- Mayor -